The US District Court for the District of Columbia Judge Amy Berman Jackson has approved the “Proposed Stipulation and Consent Order” agreed upon by defendants Binance and BAM Trading (Binance.US) and plaintiff US Securities and Exchange Commission (SEC) on June 17.
As CoinGape Media reported, the proposed agreement only allows Binance.US employees to access customer funds on the US-based crypto exchange. Binance Global officials will be restricted from having access to private keys of all wallets including cold and hot wallets, hardware and software, as well as Binance.US’s internal systems and controls within 14 days.
Also Read: XRP Lawyer And Coinbase CLO Grewal Urge Court To Order US SEC Respond To Petition
Federal Judge Signed Binance, Binance.US, and US SEC Proposed Deal
According to the consent order signed by Judge Amy Berman Jackson, Binance must “repatriate” all fiat currency and crypto assets related to Binance.US on or before the date the court issues this order.
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